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AI startups held back by lack of GPU clusters in Sri Lanka

Daily FT

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September 29, 2025

INFORMATION Communication Technology Agency of Sri Lanka (ICTA) Board Member and Microimage Founder and CEO Harsha Purasinghe at a webinar last Saturday (27) on 'How AI Is Reshaping Jobs, Skills and the Workplace' said Artificial Intelligence (AI) is reshaping skills, workplaces, and business models, but Sri Lanka must urgently address gaps in computing capacity or Graphics Processing Unit (GPU) clusters, infrastructure, data readiness, and education to capture its potential.

Purasinghe noted that AI entrepreneurs face high entry barriers due to the lack of local computing capacity.

The webinar was organised by the Daily FT, Association of Chartered Certified Accountants (ACCA), International Chamber of Commerce Sri Lanka, Women in Management, the Sri Lanka Institute of Directors, MBA Alumni Association of the University of Colombo, Employers' Federation of Ceylon, American Institute of Certified Public Accountants (AICPA), Chartered Institute of Management Accountants (CIMA), and BIMT Campus.

Sri Lanka does not yet have GPU clusters within its data centres, forcing startups to rely on public hyperscalers. A GPU, or Graphics Processing Unit, is a type of computer chip that can perform thousands of calculations simultaneously, making it essential for training AI models. While CPUs can process tasks sequentially, GPUs are required to run large volumes of data through models quickly and costeffectively.

"You can come up with fantastic ideas, but you need to train your models and experiment. For a startup, the biggest challenge is paying for compute," Purasinghe said.

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

Court issues notice on IRD over new VAT refund scheme

THE Court of Appeal has issued notice on the Commissioner General of the Inland Revenue Department (IRD) and other State agencies after a writ application challenged the legality of the Government’s newly gazetted VAT refund scheme, which replaced the abolished Simplified VAT (SVAT) system.

time to read

1 min

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Daily FT

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Seminar on 'Impact of Budget on the National Economy' at OPA

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time to read

3 mins

November 24, 2025

Daily FT

Deputy Minister explains lack of aggressive tax measures in Budget 2026

THE Government kept the 2026 Budget free of aggressive tax mobilisation proposals because households and businesses are already carrying a heavy fiscal load, Deputy Industry and Entrepreneurship Development Minister Chathuranga Abeysinghe told a recent virtual investor forum organised by Tellimer and Softlogic Stockbrokers.

time to read

2 mins

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Daily FT

Unit trust industry sees strong investor activity in October

Assets under management tops Rs. 600 b mark from Rs. 592 b in Sept. Draws 3,628 new unit holders bringing total to 137,224

time to read

2 mins

November 24, 2025

Daily FT

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Rank to develop Rs. 1 b worth container cargo inspection yard at Hambantota International Port

HAMBANTOTA International Port Group (HIPG) has partnered with Rank Container Terminals Ltd., (RCT) to develop a purpose-built container cargo inspection yard within the Port premises.

time to read

1 mins

November 24, 2025

Daily FT

Questions raised over Sri Lanka's DPI strategy and trade reform sequencing

SRI Lanka's current approach to Digital Public Infrastructure (DPI) and trade liberalisation may reinforce inequality rather than reduce it unless access, mobility, and capability gaps are addressed upfront, UNDP Country Economist Dr. Vagisha Gunasekara has warned.

time to read

4 mins

November 24, 2025

Daily FT

Barcelona thrash Athletic Bilbao 4-0 on emotional return to Camp Nou

BARCELONA, back at their beloved Camp Nou, have produced a dominant 4-0 victory over 10-man Athletic Bilbao to add to the homecoming celebrations.

time to read

1 mins

November 24, 2025

Daily FT

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CoPF reviews revenue performance of key Finance Ministry institutions

Public Debt Management Office briefs on Govt.'s Medium-Term Debt Management Strategy for 2026-2030 Outlines annual borrowing plan for 2026, clarifies projected financing requirements and debt sustainability measures BOI says FDI reached $ 827 m in first nine months of 2025 CoPF informs BOI and related agencies to intensify efforts to ensure growth in FDI in coming years Approves eight reports submitted under Public Finance Management Act, No. 44 of 2024

time to read

1 min

November 24, 2025

Daily FT

SL faces pressures from Al, trade protections: World Bank economist

Says protected sectors have had negative impact on jobs, sectors in lowtariff regimes have generated most new jobs

time to read

2 mins

November 24, 2025

Daily FT

Daily FT

Sri Lankan delegation wraps up high-impact trade and investment mission in Canada

A Sri Lankan business delegation, organised by the Sri Lanka-Canada Business Council (SLCBC) of The Ceylon Chamber of Commerce, with support from the Canada-Sri Lanka Business Convention (CSLBC), the Canadian High Commission in Sri Lanka, and the High Commission of Sri Lanka in Canada, has concluded a trade and investment mission in Canada from 28 October to 14 November.

time to read

2 mins

November 24, 2025

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